Perficient

MARCH 26, 2024

It used to be that the responsibility of loyalty was housed in one department, where marketing was the custodian. As a result, loyalty is managed across departments like technology, finance, and sales, all tightly aligned with marketing. With increasing competition and changing market demands, brands must rethink their CX strategies.

Automotive 59

Automotive Trends Technical Review Hotels 59

Altexsoft

MARCH 28, 2022

According to the Global Vacation Rental Report 2022 , 40 percent of property managers rely on market business intelligence (BI) or analytics services, a big leap compared to just 13 percent before the COVID-19 outbreak. Vacation rentals usually offer guests more attractive prices than hotels along with a more private setting.

Analysis 52

Analysis Data Software Review Technical Review 52

Altexsoft

APRIL 19, 2022

From sharing a corner in your living room with an air mattress to running a whole hotel-like operation with multiple properties, alternative accommodation hosts today can make bank. Hotels want to be like Airbnbs, investing in unique, homey properties where people come to live, rest, and work. Hotels and vacation rentals, compared.

Hotels 52

Hotels Tools Software Review Systems Review 52

Altexsoft

APRIL 24, 2019

The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes. Dynamic pricing is a practice of setting a price for a product or service based on current market conditions. Dynamic pricing strategy 101 and key approaches.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

AUGUST 25, 2021

Natural language processing or NLP is a branch of Artificial Intelligence that gives machines the ability to understand natural human speech. Both in daily life and in business, we deal with massive volumes of unstructured text data : emails, legal documents, product reviews, tweets, etc. So, what is possible with NLP?

Tools 139

Tools Artificial Inteligence Technical Review Systems Review 139

TechCrunch

OCTOBER 15, 2021

While there are tools like Service Titan for field management, businesses want a low touch solution for marketing and sales. “Skipper is a new network for hotels and resorts that helps them run their tech stack, acquire customers, and create new revenue streams. ” GatherMade. ” Aklivity. ” SAVVI.

CTO Coach 186

CTO Coach Weak Development Team 3D Hotels 186

Altexsoft

AUGUST 9, 2023

It’s a systematic approach to handling various travel operations such as hotel bookings, flight tickets, travel policies, and reporting with the aim of cost control, adherence to corporate policies, and employee comfort and safety. Corporate travel management comes with its unique set of needs and challenges. Legacy GDS limitations.

Travel 52

Travel B2B Off-The-Shelf Hotels 52

Altexsoft

JUNE 25, 2022

percent in 2020 due to pandemic restrictions, in 2021, the industry saw a rise up to 6.1 Besides, due to the specific nature of the industry with high-value one-off payments, a big number of businesses across the world, and rapid customer consumption of services, the travel and hospitality sector is a huge target for fraud.

Travel 52

Travel Software Review Software Airlines 52

Altexsoft

MAY 23, 2023

Revenue Per Available Room, or RevPAR, has emerged as a crucial key performance indicator (KPI) for assessing a hotel’s financial well-being and prosperity. This significant metric enables hotel owners to evaluate their property’s performance by considering both occupancy rates and average daily rates (ADR).

Hotels 59

Hotels KPI Artificial Inteligence Strategy 59

Altexsoft

MAY 5, 2023

The short-term rentals (STR) market has been expanding rapidly in recent years, with popular vacation rental platforms like Airbnb, Booking.com, and VRBO transforming how people travel and lodge. This includes learning, reasoning, problem-solving, perception, language understanding, and decision-making.

Artificial Inteligence 59

Artificial Inteligence Machine Learning Technical Review ChatGPT 59

Altexsoft

SEPTEMBER 7, 2021

It uses machine learning to capture more nuanced customer behavior patterns. Predictive lead scoring is a marketing methodology that uses propensity modeling to identify the sales leads that are most likely to convert. To implement a predictive lead scoring system, insurers can build it from scratch or buy a ready-made one.

Insurance 59

Insurance Technical Review Strategy Technology 59

Altexsoft

SEPTEMBER 6, 2018

Due to a surfeit of information about AI and big data on the Internet, companies can assume that data analysis is the solution for most of their data-related issues. Customer-facing applications powered by machine learning algorithms solve your customers’ problems. Amazon and Netflix recommendation systems).

Company 63

Company Off-The-Shelf Data Software Review 63

Altexsoft

JANUARY 21, 2022

When there are no live examples on the market, you will face too many risks and uncertainties, so you must check if your idea can be realistically brought to life with current technologies. Our sentiment analysis tool for aggregating hotel reviews is a good example. The feasibility study occurs at the pre-development stage.

Software Review 52

Software Review Software Technical Review How To 52

TIBCO - Connected Intelligence

OCTOBER 28, 2020

It’s not just the travel market that’s impacted: financial services, telecommunications, industry, transportation, retail, healthcare, government, hospitality, and the energy sector are all facing the same challenges in adapting to the new reality. Who is Ready. On the other hand, retailers and distributors saw a 12.2%

Telecommunications 34

Telecommunications Technical Review Hotels Transportation 34

TIBCO - Connected Intelligence

DECEMBER 2, 2020

A severely affected market sector is travel, which now has to reorganize its offers to optimize the business and restart as quickly as possible. In short, what is needed now is a kind of “business review ”—the new business imperative. Who is ready. On the other hand, the retailers and the distributors have shown a 12.2%

Technical Review 26

Technical Review Technology Systems Review Telecommunications 26

Sunflower Lab

AUGUST 19, 2023

The answer lies in the integration of NLP within these systems. This evolution promotes a sense of trust, bridging the gap between human and machine interaction seamlessly. This is widely used in social media monitoring, customer reviews, and brand perception analysis. So, what has changed?

Artificial Inteligence 52

Artificial Inteligence Analysis Travel Technical Review 52

Altexsoft

JANUARY 17, 2023

Property promotion – vacation rental management companies use a wide range of marketing techniques to advertise and promote their properties. Marketing-only companies take care of the administrative operations (including marketing, pricing, distribution, online communications, etc.), leaving housekeeping to the homeowner.

Strategy 52

Strategy Company Technical Review Software Review 52

Altexsoft

JUNE 26, 2023

We’ll particularly explore data collection approaches and tools for analytics and machine learning projects. It’s the first and essential stage of data-related activities and projects, including business intelligence , machine learning , and big data analytics. What is data collection?

Machine Learning 52

Machine Learning Artificial Inteligence Data Systems Review 52

Altexsoft

FEBRUARY 26, 2019

This time we talked with experts from AleaSoft, ENFOR, REALas, and our own data science specialist to answer the question: How to implement price forecasts on markets with high volatility? Predictive analytics requires numerous statistical techniques, such as data mining (identification of patterns in data) and machine learning.

Real Estate 69

Real Estate Artificial Inteligence Machine Learning Hotels 69

Altexsoft

JUNE 21, 2023

The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance, and for a reason. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. Example 1: Small boutique hotel. What is ADR?

KPI 52

KPI Hotels Strategy Machine Learning 52

Altexsoft

SEPTEMBER 10, 2022

Every now and then, a big hotel brand introduces its own take on the “hotel room of the future”. IHG , Marriott , Accor , and many more have been developing automatic, contactless, personalized experiences to wow their guests and redefine the hospitality market. What is a smart hotel? IoT hospitality applications.

Hotels 59

Hotels IoT Infrastructure Technical Review 59

Altexsoft

AUGUST 18, 2023

OTAs, hotel booking platforms , and other travel businesses need to have real-time access to extensive hotel inventories to offer diverse choices to their customers. With the strategic acquisition of Tourico Holidays and GTA wholesalers, Hotelbeds expanded its portfolio to encompass over 300,000 hotels across 200 destination countries.

Hotels 52

Hotels Banking Technical Advisors Technical Review 52

Modus Create

MARCH 14, 2023

Audi — Reducing Marketing Costs with Unreal Engine Automobile Audi, a subsidiary of Volkswagen AG, had a high dependence on external service providers to create visuals for its products. Its 17 different car lines required new imagery and videos every few months, which would eat a significant part of Audi’s marketing budget.

Examples 98

Examples Industry Technical Review UI/UX 98

Altexsoft

NOVEMBER 15, 2022

The occupancy rate is a key indicator of the historical, current, and looking-forward performance of a hotel or vacation rental business. The occupancy rate in hospitality is the share of occupied hotel rooms or vacation rental units at a given time. Overall, average hotel occupancy rates range between 65 and 80 percent.

Hotels 52

Hotels Machine Learning Artificial Inteligence KPI 52

Altexsoft

JANUARY 30, 2019

For greater clarity, watch our video that explains in simple terms the function of APIs in hotel booking. How dining experience systems are connected. To build a complex system that helps discover, explore, book, and order at restaurants, we need to connect various sources using APIs. Point of sale systems.

Systems Review 56

Systems Review Software Review Technical Review Travel 56

OTS Solutions

MAY 22, 2023

This can help you to improve the efficiency of your system. NLP in Education Industry: NLP in the Education industry can be used in text summarization, machine translation, improving academic writing, and many more. In the manufacturing sector, ChatGPT integration with machine learning and robotics could be beneficial.

ChatGPT 130

ChatGPT Artificial Inteligence Artificial Intelligence Tourism 130

Altexsoft

OCTOBER 31, 2023

In today’s world of interconnected devices, one-touch shopping apps, and AI-driven customer support, traditional marketing is not just outdated—it’s obsolete. The digital marketing company Safari Digital states that 43 percent of users do an online search from their smartphone while in the store. Mobile app.

Strategy 52

Strategy How To Mobile Media 52

Altexsoft

MAY 30, 2022

In this post, we’ll focus on what conversational AI is, how it works, and what platforms exist to enable data scientists and machine learning engineers to implement this technology. Also, such chatbots do not learn from interactions with a user: They only perform and work with the previously known scenarios you wrote for them.

Artificial Inteligence 52

Artificial Inteligence Technical Review Machine Learning Artificial Intelligence 52

Altexsoft

JUNE 9, 2023

Large language models and transformers in a nutshell Language models , types of machine learning models, are trained to anticipate the likelihood of a word sequence. They predict the next appropriate word based on text context, essentially learning how humans use language. Attention and self-attention mechanisms.

ChatGPT 52

ChatGPT Travel Artificial Inteligence Hotels 52

Altexsoft

AUGUST 13, 2020

And hospitality is no exception: the hotel industry operates large amounts of data by its nature. Today, we’ll look at the specifics of using BI in the hotel industry. We’ll also have a look at the providers’ market to have a clear view on the functionality offered. Hotel data sources.

Business Intelligence 59

Business Intelligence Hotels Technical Review Technology 59

Apiumhub

MARCH 16, 2021

Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability. Airlines and hotel chains are big users of BI for things such as tracking flight capacity and room occupancy rates, setting and adjusting prices, and scheduling workers.

Business Intelligence 118

Business Intelligence Tools Artificial Inteligence Technical Review 118

Altexsoft

JUNE 10, 2021

Crandall is famous for many airline innovations that we use today, such as inventing the first frequent flier program and contributing to route optimization and central reservation system adoption. Revenue management strategies in hotels are also common.) Let’s review them and explain some solutions for improvement.

Airlines 59

Airlines Strategy Weak Development Team Technical Review 59

O'Reilly Media - Ideas

FEBRUARY 21, 2023

Hence, my usual crack that machine learning is just linear algebra with better marketing. That sounds like a better system to me, because of the strength of self-selection. But to get there, marketers will have to unlearn old habits and embrace this world in which they derive greater benefit yet have less control.

Blockchain 138

Blockchain Fashion Airlines Advertising 138

Altexsoft

FEBRUARY 15, 2022

We’ve touched on the topic of website localization earlier, and in this article, we want to dive deeper into the technicalities of an adaptation process and share our experience of adjusting travel platforms to foreign markets. But first, let’s briefly recap the basics. What is localization and how to approach it?

Travel 52

Travel Hotels Technical Review Systems Review 52

Altexsoft

JANUARY 11, 2019

Machine learning and data science advisor Oleksandr Khryplyvenko notes that 2018 wasn’t as full of memorable breakthroughs for the industry, unlike previous years. So, it’s not the state-of-the-art that motivates businesses to use data science more but the standardized approach to machine learning model building. ”.

Artificial Inteligence 94

Artificial Inteligence Artificial Intelligence Trends Data 94

Altexsoft

NOVEMBER 22, 2019

Hotel business produces a plethora of data literally every moment. Let’s take a closer look at major data management processes — data collecting, storing, and analyzing — as applied to the hotel domain. Hotel data collection: what and where to look for. Important hotel data sets and overlaps between them.

Hotels 18

Hotels Data Technical Review Systems Review 18

Altexsoft

MAY 8, 2020

Without this software component, you can neither sell nor buy airline tickets or hotel reservations through the Internet. The key systems on the suppliers’ side are: Global Distribution Systems ( GDSs ), bed banks , airline consolidator databases, hotel property management systems ( PMSs ), and.

Travel 69

Travel Engineering Hotels Airlines 69